All of the best EV lease deals, all in one place. We've marveled at the automotive industry's pivot towards electric vehicles, particularly in the last 10 years. It seems like not too long ago we were collectively wrapping our head around hybrid engines. "What do you mean it charges while you're at a stoplight?" Today, a litany of electric options shine brightly at the forefront of major manufacturers. If one of those manufacturers doesn't produce a model powered at least in some part by electricity, the game is leaving them behind.
As so many new electric models make their debuts, it can be hard to keep track of them all. How are you supposed to know which offers are the best EV lease deals?
Read through this comprehensive guide on leasing electric vehicles, and you'll be on your way to zeroing in on the EV vehicle of your choice. We comb through price points, estimated ranges, in-cabin features, and more below in our electric vehicle lease comparison:
1. Tesla Model 3 Lease
The standard Model 3 boasts up to an estimated 220 miles of range and can accelerate to a top speed of 130 mph quickly. After all, it only takes 5.3 seconds for it to go from 0 to 60 mph. Slide through town with multiple style options, including silver, white, black, and red exterior color ways.
Monthly offer:
$334/month for 36 months with $5,529 due at signing.1
Expires: 03/31/2023
2. Volvo XC40 Recharge Twin Plus Lease
This compact electric SUV from Volvo Cars moves with the smoothness of shaving cream while cutting down on your carbon footprint. Sit down and start your XC40 up by selecting a gear. Top-of-the-line twin electric motors and all-wheel drive will power up and kick into gear. Harmful tailpipe emissions, on the other hand, are nowhere to be found. The Volvo XC40 EV can charge up to 80% in under 45 minutes, much faster than other EV models, and with an EPA-estimated1 208 miles on a fully-charged battery, she can take you further, too. To pick from a striking palette of exterior colors, sample our selection here.
Additionally, the Volvo Cars Warranty on the XC40's electric battery runs for eight years or 160,000km, whichever occurs first and provided that the car and battery are maintained and used in accordance with Volvo Cars' recommendations.
Monthly offer:
$649/month for 36 months with $4,999 due at signing.2
Expires: 03/31/2023
3. Audi E-Tron Lease
The first-ever electric SUV from Audi is here. The Audi E-Tron has quattro® all-wheel drive and tows up to 4,000 lbs2 when properly equipped. Audi spent five years researching and developing their initial electric SUV, promising a new frontier of futuristic fuel sources as a source of SUV strength. If that's not enough to entice you, perhaps the available massaging heated front seats will do the trick.
Monthly offer:
$999/month for 36 months with $8,839 due at signing.3
Expires: 10/02/2022
4. Tesla Model Y AWD Lease
Dual motors power the Tesla Model Y AWD anywhere you want to take it. A 326-mile estimated range and 68 cubic feet of cargo space make the Model Y a very enticing option for those looking to combine style, speed, and size.
Monthly offer:
$610/month for 36 months with $5,805 due at signing.4
Expires: 03/31/2023
5. BMW i3 Lease
Fully electric, yet fully a BMW. The BMW i3 and i3s models can be fully charged in under six hours3 in your home garage. That spot next to the workbench that you squeeze your car into is now a fuel station. Never leave the house on an "empty tank" again.
Monthly offer:
$289/month for 36 months with $3,999 due at signing.5
Expires: 11/01/2021
6. Jaguar I-PACE Lease
Though the car itself is undoubtedly impressive, we were equally taken aback by the Jaguar EliteCare that comes with each I-PACE vehicle. Take advantage of limited warranties on all new vehicles, complimentary scheduled maintenance to keep you up and running, and roadside assistance that's available at all times. Jaguar clearly understands the big move you're making by breaking into the electric vehicle space. They want to make sure your decision is proven right at every step of the way, long after you leave the lot.
Monthly offer:
$949/month for 36 months with $5,995 due at signing.6
Expires: 03/31/2022
7. Tesla Model X Lease
Another worthy luxury electric SUV option, check out the Tesla Model X for elite style and a large battery. It's everything you know and love about the smaller Tesla models, just with some extra room.
Monthly offer:
$1,527/month for 36 months with $9,722 due at signing.7
Expires: 03/31/2023
8. Porsche Taycan Lease
It looks like a Porsche and feels like a Porsche, but you'll have to make do with a new quieter sound. Gone are the goosebump-inspiring engine revs we commonly associate with advanced acceleration. If your brain can handle electric speed brought to life in the relative silence of a low-pitched hum, take the Taycan.
Monthly offer:
$1,399/month for 39 months with $12,729 due at signing.8
Expires: 03/31/2023
9. Polestar 2 Lease
One signature feature clearly differentiates the all-electric Polestar 2 from other vehicles with non-traditional fuel sources. It's the first and only car with Google integration. Set up driver profiles and the Polestar will recognize each particular driver through the phone in their pocket. It'll then adjust for customized legroom and preferred position as soon as you sit down behind the wheel. A quick glance over to the touchscreen flanking the dashboard reveals a home menu with all of your favorite apps on deck.
Monthly offer:
$469/month for 36 months with $5,469 due at signing.9
Expires: 05/01/2023
Which Electric Car Should I Lease?
Now that you've seen some of the best EV lease deals right now and you've compared the Tesla Model 3 to the Volvo XC40 Recharge, you're probably ready to lease an electric car. But which one should you choose?
If you're looking for an electric SUV lease, the Volvo XC40 Recharge and Volvo C40 Recharge are two great options. The Volvo C40 Recharge is a highly sustainable choice, as this model is a purely electric vehicle that's 100% leather-free. She's able to reach 0-60 mph in 4.7 seconds, and she comes with your Google Assistant built-in. Say, "Hey, Google" to have your AI assistant pull up your contacts, messages, road directions, playlists, and more. This new all-electric SUV has impressive capabilities, delivering 200+ miles of electric range4 when fully charged.
In terms of visuals, the new Volvo C40 Recharge arrives on the scene with a streamlined silhouette and contrasting roof color to create a profile that stands apart from other new electric SUVs for sale. If you have the opportunity, test-drive the new Volvo C40 Recharge at night. You'll want to see the new Pixel headlights in action. This new lighting system effortlessly considers oncoming traffic and adjusts accordingly.
Her cabin is also accentuated by a back-lit ambiance to give it a contemporary feel. When you want to give your commute a charge and slip into a cabin that offers a respectful interpretation of what a luxury car should be, look no further than the new electric Volvo C40 Recharge.
What's more, Volvo XC40 Recharge delivers ample performance, range, and tech. One of the most common questions we receive at our EV dealer near you is, "How far can you drive an electric SUV on a single charge?" In the new Volvo XC40 Recharge, the answer is this new electric Volvo SUV provides up to 223 miles of pure electric range5 and takes around 37 minutes to go from 10-80% charged.6
Another factor to consider when deciding on your new electric car is your monthly lease or finance payment. When calculating your Volvo XC40 Recharge lease payment, be sure to ask about any current EV tax credits on a lease. If you have questions about mini electric lease options or how to lower your finance payments on an electric car, don't hesitate to contact our finance department.
Still can't decide between the Volvo XC40 Recharge and the Tesla Model Y? If so, now is the perfect time to remind you of the Care by Volvo subscription plan. When you choose to take home this all-electric Volvo SUV, you can lease her for as little as three months and get the full driving experience without committing to a three-year lease.
Your monthly payment for the Volvo Care subscription plan includes your lease, maintenance fees, and auto insurance, so you get to consolidate all of your monthly auto bills into one easy payment. When you choose the Volvo XC40 Recharge, you're choosing the modern way to lease a car.
What should you consider before signing an electric vehicle lease?
There are a couple of factors that stand out when evaluating luxury electric car lease deals. Firstly, getting behind the wheel of an electric car reduces harmful emissions in the environment and contributes to decreasing our collective carbon footprint. Purchasing a Volvo electric car may be the most impactful as Volvo Cars has committed to being a net-zero emission company by 2050.
Secondly, upgrading your driveway through a luxury electric vehicle lease can eliminate the cost of gas and make you eligible for tax rebates in certain states (that's right, even for leases!). You can charge most electric cars at home overnight and attack your morning responsibilities with a full charge. Imagine never going to a gas station again… well… maybe still for snacks.
Lastly, rare is the electric vehicle that's lagging behind in tech features. Locking into the best electric car lease is a step towards the future under the hood; it should feel like one inside the cabin too. Many of the best EV lease deals are for cars that have cutting-edge driver-assistance features, smartphone connectivity, and large infotainment centers that allow you to get your directions without dangerously fiddling with your phone.
Are luxury electric vehicles worth the price?
Sometimes it's not about paying for otherworldly features but about the peace of mind you don't have to pay for. Base level models sometimes come with cabins that aren't built to last. Luxury EV leases come equipped with features that will keep your car fresh over the course of your lease term or help you mitigate the mess before it even begins. Luscious interiors and quality materials throughout stand up to the wear and tear you'll accumulate during your lease (especially on the best EV lease deals we've outlined above).
Luxury EVs often have far more advanced safety features, especially the Volvo XC40 electric's selection of driver-assistance features. There are some cabin comforts you'll crave after just one experience. Transition seamlessly from your phone to your car during a phone call using Apple CarPlay®, Android Audio®, and WiFi integration. Enjoy USB charging ports accessible from every row, wireless device charging up front, chest-pounding sound systems, power-adjustable seats that transform to your preferred driving position, heated seats for frosty mornings, and more.
Unfortunately, such features are not available across the luxury vehicle marketplace. The Chevrolet Bolt EV, in particular, leaves a lot to be desired when it comes to protecting your passengers. Features like blind-zone alert, rear-park assist, and lane-change alert come standard almost universally across the EV landscape. Purchasing the Driver Confidence Package is the only way to add those features to the Bolt, which is unfortunate for those that may be intrigued by Chevrolet's pricing on the Bolt. If you choose the Bolt's smaller frame and more basic cabin materials because of its lower starting MSRP, be prepared to pay more for driver-assistance features other models have in every car.
Are there electric Sport Utility Vehicles?
Yes! If you're looking for the size, strength, and speed as you've never seen it powered before, check out the best EV lease deals on the Volvo XC40 Recharge Pure Electric. She's made to take your whole family far on an easy overnight full-fuel charge while supporting a cleaner future for all every time you drive. Though SUVs can traditionally be one of your most gas-guzzling vehicle types, there are many hybrid and electric options that will allow drivers to get everything they want from an SUV… without releasing so many harmful emissions.
Electric Vehicles in Virginia
If you happen to be pursuing the best electric car lease in Virginia, we encourage you to give us a call or visit our showroom. Not only do we have a comprehensive collection of everything electric, but we also have a warm and welcoming staff that can't wait to share their wealth of knowledge with you. Leasing electric cars may seem like a whole new world, but our team will make sure you feel right at home as you peruse the best EV lease deals. They know all about the different charging options available locally and which electric vehicles are best suited for charging around town.
Disclosure:1This is an electric vehicle. Since electricity is not measured in gallons, a conversion factor is used to translate the fuel economy into miles per gallon of gasoline equivalent (MPGe). EPA-estimated 85 city/72 highway/ 79 combined MPGe. Use for comparison purposes only. Your MPGe will vary for many reasons, including but not limited to, driving conditions, how and where you drive, how you maintain your vehicle battery-package/condition, and other factors. For more information, including information on MPGe, see www.fueleconomy.gov
2Maximum tow rating when properly equipped with factory towing option. Vehicle load, other accessories and options may reduce maximum towing capacity. See vehicle's manual for details.
32020 BMW i3 when charged with a Level 2 240V charger at home or public station.
1The figures are based on WLTP data obtained under specific testing conditions. The real-life driving range and energy consumption achieved under real conditions varies depending on driving behavior and other external factors. Figures are preliminary, final vehicle certification pending.
2The figures are based on WLTP data obtained under specific testing conditions. The real-life driving range and energy consumption achieved under real conditions varies depending on driving behavior and other external factors.
3Fast charging DC up to 150 kW under optimal charging conditions for XC40 Recharge Twin. Charging times are dependent on factors such as outdoor temperature, current battery temperature, charging equipment, battery condition and car condition.
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1*Price indicated does not include taxes and registration fees unless stated otherwise. You will be responsible for these additional taxes and fees. The payment calculations are provided for informational purposes only and may reflect assumptions that may not apply to you or loan terms for which you may not qualify. Loan approvals are valid for up to 60 days. Lease approvals are valid for up to 90 days.>
2No security deposit required. Monthly payment of $649 based on $57,345 MSRP of 2023 XC40 Recharge Twin Plus, includes destination charge and application of $7,500 EV Lease bonus and $500 Loyalty Bonus. Lessee is responsible for excess wear and mileage over 7,500 miles/year at $0.25 / mile. Offer available to qualified customers that meet Volvo Car Financial Services (VCFS) credit standards at authorized Volvo Retailers. Not everyone will qualify. Advertised lease payment does not include taxes, title, registration, license, insurance, maintenance, and other dealer fees. Car shown with optional equipment. All offers are subject to vehicle availability. Must take delivery of new vehicle between March 1, 2023 and March 31, 2023. Applicable vehicles are subject to Volvo Retailer availability and may need to be ordered. Offers available at participating retailers. See your Volvo Retailer for details.
4*Price indicated does not include taxes and registration fees unless stated otherwise. You will be responsible for these additional taxes and fees. The payment calculations are provided for informational purposes only and may reflect assumptions that may not apply to you or loan terms for which you may not qualify. Loan approvals are valid for up to 60 days. Lease approvals are valid for up to 90 days.
5Through November 01, 2021, lease offer available on new 2021 BMW i3 models from participating BMW Centers through BMW Financial Services NA, LLC, to customers who meet BMW Financial Services' credit requirements. Offer not valid in Puerto Rico.Monthly lease payments of $289 per month for 36 months is based on an adjusted capitalized cost of $35,760 (MSRP of $47,395, including destination and handling fee of $995, less $2,785 capitalized cost reduction, $0 security deposit and suggested dealer contribution of $1,350 and $7,500 Lease Credit). Actual MSRP and dealer contribution may vary and could affect your monthly lease payment. Cash due at signing includes $2,785 capitalized cost reduction, $289 first month's payment, $925 acquisition fee and $0 security deposit. Lessee responsible for insurance during the lease term, excess wear and tear as defined in the lease contract, $0.25/mile over 22,500 miles and a disposition fee of $350 at lease end. Not all customers will qualify for security deposit waiver. Tax, title, license, registration and dealer fees are additional fees due at signing. Advertised payment does not include applicable taxes. Purchase option at lease end, excluding tax, title and government fees, is $27,489.Offer valid through November 01, 2021 and may be combined with other offers unless otherwise stated. Models pictured may be shown with metallic paint and/or additional accessories. Visit your authorized BMW Center for important details.
7*Price indicated does not include taxes and registration fees unless stated otherwise. You will be responsible for these additional taxes and fees. The payment calculations are provided for informational purposes only and may reflect assumptions that may not apply to you or loan terms for which you may not qualify. Loan approvals are valid for up to 60 days. Lease approvals are valid for up to 90 days.
8*Actual lease price determined by your authorized Porsche dealer; your payments may vary. Closed-end lease offered to qualified lessees with approved credit by Porsche Financial Services (PFS) through participating U.S. dealers. Must take delivery by 3/31/2023. Estimated payments based upon MSRP of $110,950 (includes delivery, processing, and handling fee) for a Model Year 2023 Taycan. Model pictured may be priced higher and may have optional features and equipment. Price excludes any title, taxes, registration, license fees, insurance, maintenance, and dealer fees. Lease payments of $1,399.21 for 39 months total $54,569.19 based on the adjusted capitalized cost of $93,215. Actual MSRP may vary and could affect your monthly lease payment. Capitalized cost includes a non-cash credit in the amount of $7,500 based on the PFS Clean Vehicle Lease Tax Credit Pass-Through Program. Total due from customer at signing $12,729.21 (first month’s payment, acquisition fee of $1,095, and capitalized cost reduction of $10,235). No security deposit required. At lease end, lessee pays excess wear, $.30/mile over 32,500 miles, and $595 disposition fee. Purchase option at lease end $58,804 plus taxes. Specific vehicles and options are subject to availability and your price may vary. For additional information, see your participating authorized Porsche dealer.
9**Offer is available to qualified customers through Polestar Financial Services at participating retailers between March 1, 2023 and May 1, 2023. Not everyone will qualify. Advertised 36 months lease payment reflects Polestar Clean Vehicle Credit and is based on an adjusted capitalized cost of $38,295 (MSRP of $49,800 including destination and delivery fee of $1,400, plus acquisition fee of $995, less $5,000 capitalized cost reduction and additional $7,500 Polestar Clean Vehicle Noncash Credit). Actual MSRP may vary and could affect your monthly lease payment. Lease of $469 per month for 36 months with cash due at signing of $5,469 and $0 security deposit. Advertised payment does not include taxes, title, registration and retailer fees. Automobile financing and account servicing provided by Volvo Car Financial Services U.S., LLC, d/b/a Polestar Financial Services. Polestar Financial Services is a registered trademark of Polestar Holding AB.